It’s not every day we see a buyer’s market emerging, but right now, home prices are trending down in several U.S. cities. Over the past ten months, there’s been a 1.8% year-over-year drop per square foot—something we haven’t seen in a while. The Northeast, South, and West are leading the way with these declines, while the Midwest remains steady. High inventory and mortgage rates are key players in this shift.
Having spent years helping buyers and sellers navigate changing conditions, I always keep a close eye on trends like these. If you’re considering your next move or just want to stay informed about where the local San Diego market fits in, I’m here with honest advice and local insight—no pressure, just real answers.
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